With U.S. inequality at its highest point since 1928 and Wall Street bonuses hitting pre-2008 levels, we look at the 100-year history of secret collusion between Washington and the financial industry. In her new book, "All the Presidents’ Bankers: The Hidden Alliances that Drive American Power," financial journalist Nomi Prins explores how a small number of bankers have played critical roles in shaping a century’s worth...

A new internal report says the Justice Department massively overstated its successes in targeting mortgage fraud while in fact ranking it as a low priority for investigation. The Justice Department’s inspector general says despite playing a central role in the nation’s financial crisis, mortgage fraud was deemed either a low priority or not a priority at all. This comes as a recently revealed internal Wells Fargo document appears...

On issues from domestic inequality to foreign policy, President Obama delivered his fifth State of the Union with a vow to take action on his own should Congress stonewall progress on his agenda. But will Obama’s policies go far enough? We host a roundtable with three guests: Jeremy Scahill, producer and writer of the Oscar-nominated documentary "Dirty Wars: The World is a Battlefield" and senior investigative reporter at First...

Two months after 47 million food stamp recipients were hit with $5 billion in cuts, more are on the way as lawmakers finalize a new farm bill. The measure is likely to slash another $9 billion in food stamps over the next decade, depriving more than 800,000 households of up to $90 in aid per month. We look at how politicians have used coded racial appeals to win support for cuts like these and similar efforts since the 1960s with Ian Haney...

Fifty years ago this week, President Lyndon B. Johnson launched his "war on poverty," which led to many of the federal and state initiatives low-income Americans rely on today — Medicaid, Medicare, subsidized housing, Head Start, legal services, nutrition assistance, raising the minimum wage, and later, food stamps and Pell grants. Five decades later, many say another war on poverty is needed. We are joined by Peter Edelman,...

Seattle has elected its first Socialist to city office in generations. Kshama Sawant’s election to the Seattle City Council made her one of a few Socialists to hold elected office in the country. Sawant is an economics teacher and former Occupy Wall Street activist who ran on a campaign to raise the minimum wage to $15 an hour. "The important thing about running as a Socialist is, for one, to show that there is a definite openness...

The North American Free Trade Agreement between the United States, Mexico and Canada went into effect 20 years ago this week on January 1, 1994. The massive trade pact was signed into law by President Bill Clinton amidst great promise that it would raise wages, create jobs and even improve health and environmental safety standards. Hundreds of thousands of U.S. jobs have vanished as companies sought lower-wage workers in Mexico. Meanwhile, ...

Bill de Blasio began his term as New York City mayor on Wednesday with a bold pledge to tackle income inequality in the nation’s largest city. De Blasio was sworn in following last year’s historic victories in the Democratic primary and general election on a progressive platform. In his inaugural address, de Blasio focused on his campaign pledge to tackle what he called "a tale of two cities," a growing gap between rich...

On Saturday, 1.3 million Americans lost their last lifeline from the federal government: an emergency unemployment insurance program. Although long-term unemployment is still at its highest level since World War II, Congress failed to renew the program in the budget deal it passed just before adjourning for winter recess. The program provided up to 47 weeks of supplemental unemployment insurance payments to jobless people looking for work....

The Dow Jones Industrial Average and the S&P 500 both hit record highs on Thursday while the NASDAQ surged to its highest level in over 13 years. The year-end rally is expected to add a boost to the massive bonuses Wall Street is preparing to hand out this year. The largest Wall Street firms have reportedly set aside more than $91 billion for year-end bonuses. In response, an activist group called The Other 98% has launched a petition...